20130426 Moving Average Breadth
The markets rebounded strong this week off of last weeks lows. Some of the sector breadth readings hit extremes and are bouncing. So far so good, even with Friday’s giveback. Both sides are fighting hard here at the highs, but the breadth is still supporting the bulls for the most part. I posted these during the week to tyr and get that message out. let’s take a look
First, the Total universe of 1898 companies posted over the $SPY
Next I split the universe into 10 custom broad sector indexes
Consumer Discretionary (325)
Consumer Staples (91)
Health Care (199)
These are custom indexes so you cannot invest directly in them, but there are plenty of ETFs available for each sector. For me personally this is another form of relative strength, just with a broader lens .
Good Luck! It is there for you to make.
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